International Business Machines Corp (NYSE:IBM) announced that it has completed the acquisition of Cloudant, Inc., a privately held database-as-a-service (DBaaS) provider that enables developers to easily and quickly create next generation mobile and web apps. Financial terms were not disclosed. International Business Machines Corp. (NYSE:IBM) stock opened at $185.81 in last session, and closed at $186.44, while the day range of stock is $185.68 – $187.16. The stock showed a positive weekly performance of 1.75%.
Riverbed Technology Inc. (NASDAQ:RVBD) has received no “credible” bids from buyout firms and should not have been targeted by activist shareholders, Chief Executive Officer and Chairman Jerry Kennelly said in an interview. Riverbed Technology, Inc. (NASDAQ:RVBD) stock opened at $22.03, in last session and closed at $21.33, by losing -1.98%. The 52 week range of the stock is $13.77 – $22.76. Company’s market capitalization is $3.41 billion.
FrontRange, the Hybrid IT software company, announced that Sedgman, a leading provider of mineral processing and associated infrastructure solutions to the global resources industry, has selected FrontRange’s HEAT Service Management solution to replace its ServiceNow Inc (NYSE:NOW) deployment. ServiceNow Inc (NYSE:NOW) stock advanced 4.21% and finished the last session at $70.81. The EPS of the stock remained -0.54. Company’s market capitalization is $9.82 billion.
Ned Davis Research upgraded shares of Xerox Corp. (NYSE:XRX) from a neutral rating to a buy rating in a research note issued to investors on Monday, Analyst Ratings.Net reports. Xerox Corp (NYSE:XRX) stock opened the session at $10.98, and closed the session at $11.06. The 52 week range of the stock remained $ 8.01 – $12.65 and the day range was $10.98 – $11.14.